For those who are looking to understand more about their Inheritance Tax bill, the government has provided a calculator.

The reduced rate calculator enables Britons to work out how much to give to charity in a will to qualify for the reduced IHT rate. 

Inheritance Tax receipts have drastically increased over the years, with a sizeable amount taken in by HMRC.

In the 2009-10 tax year, £2.4billion was collected in IHT, but by 2018-19 this had risen to £5.4billion.

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